Property Overview: Land and Building in Tatebayashi, Gunma
This property consists of a plot of residential land and a two-story wooden building located in the Higashi-Miyasono-cho area of Tatebayashi City, Gunma Prefecture. The land is registered as residential land with a registered area of 198.98 square meters and is zoned as a High Residential Class I district. The building-to-land ratio is 60%, and the floor area ratio is 200%.
The building, constructed in September 2017, is a wooden structure with a slate roof. The registered floor area is 64.59 square meters on the first floor and 54.65 square meters on the second floor, totaling approximately 119 square meters. The layout is classified as "Others," and the property is under ownership rights. The current occupant is listed as the debtor/owner.
The property is being offered through a court auction, with a base bid price of 8,250,000 yen. The minimum bid price is set at 6,600,000 yen. The gross yield is listed at 17.6%, and the cap rate is 12.8%. The earnest money deposit required is 1,650,000 yen. The case is under the Maebashi District Court (Ohta), with a bid deadline of June 17, 2026.
